✉news BusinessCrypto first seen 13 h ago, last 2 h ago, peak #5
Citigroup Lifts Bitcoin Forecast by $31,000 on ETF Flows
Original: Citigroup Raises Bitcoin Forecast by $31,000 as ETF Money Returns
Citigroup has raised its Bitcoin price forecast by $31,000, pointing to renewed inflows into US spot Bitcoin exchange-traded funds as a key driver. The move signals growing confidence among major banks in crypto markets, with institutional money returning after a slowdown earlier in the year. Analysts see the revision as a marker of how strongly ETF demand now shapes Bitcoin's outlook.
Why now: A major bank revising its Bitcoin target upward confirms renewed institutional interest via ETF inflows, drawing wide market attention.
CitigroupBitcoinUS spot Bitcoin ETFs
Evidence
- Citigroup Raises Bitcoin Forecast by $31,000 as ETF Money Returns · Northeast Times
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